SOUTHWEST AIRLINES CO
LUVNYSEIndustrials · Air Transportation, Scheduled · TX · SEC filings ↗ · Compare ⊕
View price & chart on Yahoo Finance ↗Financials
SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | |
|---|---|---|---|---|---|---|
| Revenue | $28.06B | $27.48B | $26.09B | $23.81B | $15.79B | $9.05B |
| Operating income | $428.0M | $321.0M | $224.0M | $1.02B | $1.72B | −$3.82B |
| Net income | $441.0M | $465.0M | $465.0M | $539.0M | $977.0M | −$3.07B |
| Total assets | $29.06B | $33.75B | $36.49B | $35.37B | $36.32B | $34.59B |
| Total liabilities | — | — | — | — | — | — |
| Equity | $7.98B | $10.35B | $10.52B | $10.69B | $10.41B | $8.88B |
| EPS (diluted) | $0.79 | $0.76 | $0.76 | $0.87 | $1.61 | $-5.44 |
| Shares out. | 592.7M | 596.7M | 594.3M | 592.3M | 590.7M | 517.3M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- 1.5%
- Net margin
- 1.6%
- Return on equity
- 5.5%
- Return on assets
- 1.5%
- Return on capital (ROCE)
- 2.4%
- Liabilities / assets
- —
- Debt / equity
- —
- Book value / share
- $13.47
- Revenue growth (YoY)
- 2.1%
- Net income growth (YoY)
- −5.2%
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Accruals / assets
- −4.8%clean
- Piotroski F-Score
- 7/8strong
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 4 good- Operating margin is positive
- Revenue is growing year-over-year
- Positive operating cash flow
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Insider transactions
SEC Form 4 · most recent| Insider | Date | Type | Shares | Price |
|---|---|---|---|---|
| Brooks Douglas HDirector | Dec 2, 2025 | Gift | 1,836 | $0.00 |
| Breber Pierre RDirector | May 7, 2026 | Grant | 4,108 | $0.00 |
| Feinberg SarahDirector | May 7, 2026 | Grant | 4,108 | $0.00 |
| Fornaro Robert LDirector | May 7, 2026 | Grant | 4,108 | $0.00 |
| Grissen DavidDirector | May 7, 2026 | Grant | 4,108 | $0.00 |
| Hess David PDirector | May 7, 2026 | Grant | 4,108 | $0.00 |
| Reynolds Christopher P.Director | May 7, 2026 | Grant | 4,108 | $0.00 |
| Watson Patricia ADirector | May 7, 2026 | Grant | 4,108 | $0.00 |
| Atherton Lisa MDirector | May 7, 2026 | Grant | 4,108 | $0.00 |
| Atherton Lisa MDirector | Apr 7, 2026 | Sell | 118 | $37.95 |
| Roach AnthonyOfficer — EVP Customer & Brand | Mar 21, 2026 | Tax withholding | 2,179 | $39.41 |
| Doxey TomOfficer — EVP, Chief Financial Officer | Mar 21, 2026 | Tax withholding | 11,447 | $39.41 |
Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 23.5M | 3.7 | +3.8% |
| Apr 30, 2026 | 22.7M | 2.9 | +17.3% |
| Apr 15, 2026 | 19.3M | 2.6 | -5.4% |
| Mar 31, 2026 | 20.4M | 2.4 | -9.0% |
| Mar 13, 2026 | 22.5M | 2.0 | -8.1% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Entered a material agreement · New financial obligationMay 19, 2026
- Shareholder voteMay 11, 2026
- Results of operationsApr 22, 2026
- Entered a material agreement · New financial obligationMar 12, 2026
- Director / officer changeFeb 10, 2026
- Results of operationsJan 28, 2026
- Regulation FD disclosureDec 5, 2025
- Entered a material agreement · New financial obligation · Other material eventNov 3, 2025
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗- 8-KMay 19, 2026
- SCHEDULE 13G/AMay 13, 2026
- 4FORM 4May 11, 2026
- 4FORM 4May 11, 2026
- 4FORM 4May 11, 2026
- 4FORM 4May 11, 2026
- 4FORM 4May 11, 2026
- 4FORM 4May 11, 2026
- 4FORM 4May 11, 2026
- 4FORM 4May 11, 2026
- 4FORM 4May 11, 2026
- 8-KFORM 8-KMay 11, 2026
- SCHEDULE 13GApr 30, 2026
- SCHEDULE 13G/AApr 29, 2026
- DEFA14AApr 24, 2026